First Foods Group, Inc.: M&A transaction — First Foods Group sells Holy Cacao assets for $100K; pivots to healthcare, plans name change

First Foods Group, Inc.

Subsidiary Holy Cacao sold raw materials, lease interest, equipment to NUTRIPK LLC for $100,000 cash.
Buyer pays 5% sales commission on all GNC-related business for 5 years if relationship starts within 2 years.
Sale excludes patents, recipes, formulas, and finished goods; company retains proprietary IP.
Company pivoting to healthcare field; plans corporate name change and new stock symbol.
Lease assignment required; security deposit of $24,059.61 to be returned to Seller or reimbursed by Operator.

item 1.01 item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

First Foods Group, Inc. completed a disposition involving NUTRIPK LLC for $100,000.

Action: disposition
Counterparty: NUTRIPK LLC
Consideration: $100,000

Exact text from the filing

improvements at its leased Facility. The sale did not include patents, recipes, formulas, proprietary packaging materials and finished goods inventory. The purchase price was $100,000. In addition, Buyer shall pay Seller a sales commission equal to 5% of all gross sales for a period of five (5) years for all business it transacts with GNC, its affiliates or

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

First Foods Group, Inc. entered into Sale and Purchase of Assets Agreement with NUTRIPK LLC valued at $100,000 (effective 2024-02-05).

Action: entry
Agreement: asset purchase
Counterparty: NUTRIPK LLC
Value: $100,000
Effective: 2024-02-05

Exact text from the filing

Effective February 5, 2024, our subsidiary, Holy Cacao, Inc. (“Seller”), entered into a Sale and Purchase of Assets Agreement (“Agreement”) with NUTRIPK LLC, a Florida Limited Liability Corporation (“Buyer”) and an affiliate of Buyer, Nutrifactory LLC.

View on SEC.gov

Browse all m&a transactions →

Source: SEC EDGAR

accession 0001213900-24-012142

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.